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Record number of Americans are homeless amid nationwide surge in rent, report finds (www.cbsnews.com)

submitted 2 years ago by robocall@lemmy.world to c/news@lemmy.world

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A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets.

According to a Jan. 25 report from Harvard's Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country's unhoused population on record, Harvard researchers said.

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[–] fenynro@lemmy.world 169 points 2 years ago (71 children)

You cracked the case!

It wasn't anything like coordinated rent increases from large groups of landlords using a pricing app, it wasn't a worldwide pandemic disrupting the market, it wasn't America keeping housing as an investment vehicle instead of a means of sheltering humans, it wasn't decades of wealthy investors buying housing to convert into rentals.

Nope, all of that complexity can be tossed out the window because one single man is to blame: Joe Biden. All in his first term as president too!

[–] Greyghoster@aussie.zone 56 points 2 years ago (1 children)

It’s amazing that rentals are going through the roof all around the world, there seems to be different reasons everywhere but the problem is the same. The underlying problem is probably capitalism underscored by neoliberalism which drives laws and policies to support short term, high growth returns.

[–] willis936@lemmy.world 19 points 2 years ago

RealPage needs to be dismantled and entire C-suite jailed. If Wall St isn't scared to death of making price fixing trusts then we are all in very deep shit.

[–] buzz86us@lemmy.world 6 points 2 years ago

Buh those people take the risks without them there won't be any housing 🤡

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